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Thursday, 26 April 2018

EETC to withdraw land allocated for wind projects after investors failed to deliver

The Egyptian Electricity Transmission Company (EETC) has notified the New and Renewable Energy Authority (NREA) that it would begin on Saturday withdrawing land plots allocated for wind power projects from investors who have failed to deliver any progress, according to NREA sources. Nine companies, including ACWA Power, Infinity, Elsewedy, and Alfanar, had received 10 sq km each in the Gulf of Suez to carry out wind power projects under the feed-in tariff program, but failed to apply to international banks for funding before the deadline.

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